1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Umnica [9.8K]
4 years ago
8

Economists Robert Jensen and Nolan Miller reasoned that to be a Giffen good, with an income effect larger than its substitution

effect, a good must be ________ and make up a ________ portion of a consumer's budget.
Business
1 answer:
mihalych1998 [28]4 years ago
4 0

Answer:an inferior good; very large

Explanation:A consumer budget is the actual purchasing potential with which he or she can purchase a number of two goods, provided their prices.

There are two factors that affect a consumer’s choice of quantities to purchase between two goods: prices and money income. Price times quantity for each good gives us the expenditure incurred on purchasing a good.

You might be interested in
If joe to go decides to produce its coffee beans domestically and sell them in india through a local retailer, this would be an
zhenek [66]

If joe to go decides to produce its coffee beans domestically and sell them in india through a local retailer, this would be an example of exporting. When you export an item you are trading an item that wsa produced in one country and bringing it to another country.  The person doing this or business, Joe To Go is the exporter in the situation by selling them in India through a local retailer.

4 0
3 years ago
Which of the following statements is correct?
myrzilka [38]

Answer:

A

Explanation:

7 0
4 years ago
Question6 calculate the cost of preferred stock from the information given below: annual dividend on preferred stock $ 13.50 pri
weqwewe [10]
I think it's 102.5 but im not sure 
6 0
3 years ago
Lloyd is a divorce attorney who practices law in Florida. He wants to join the American Divorce Lawyers Association (ADLA). The
Rasek [7]

Answer:

13 years

Explanation:

Note that, if we add the annual interest rate of 7.9% to $8000 [(0.079*8000)+8000] we get a total value of $8632. We perform random division of the 8632 with 11 12, 13 years we note that at 13 years the total annual payment is lowest.

Such that 8632/13 years= $664 lower than paying $750.

8 0
3 years ago
According to the capture hypothesis of regulation,
Likurg_2 [28]

Answer:

D. regulation eventually favors producers over consumers because the producers have more at stake than individual consumers.

Explanation:

 

Regulatory capture is an economic theory that says regulatory agencies may come to be dominated by the industries or interests they are charged with regulating.

3 0
3 years ago
Other questions:
  • Firms classified as being part of the sharing economy and collaborative consumption are still considered too risky to attract su
    12·1 answer
  • Jerry has $50,000 in his savings account and the average new car price is $23,000. does jerry have a demand for a new car? quest
    13·1 answer
  • Mary agrees with this logic: if all violins are musical instruments, and if all musical instruments make noise, then all violins
    15·1 answer
  • Describe how supply and demand impact the cost of a good of service
    12·1 answer
  • The first step in transferring journal entry amounts to ledger accounts involves
    15·1 answer
  • Select the correct answer.
    8·1 answer
  • Name two advantages offered by a credit union.
    10·1 answer
  • If Amy painted 8 walls in the first hour of work, and then switched to doing 6 outlets in the second hour of work, what was the
    12·1 answer
  • Careers in the Public Service cluster can help make a difference in the world but they can be tough careers to work in. Describe
    7·1 answer
  • A lower expected return means a higher risk will have to be accepted. true false
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!